Quote:
Originally Posted by yankeesfan1000
As has been said, this is not cancelled. The Hudson Yards can offer significantly lower rents than their competitors, the WTC has cranes on site, and Brookfields building their deck in January. This will be built but again probably not for several years. The area around Penn Station, the busiest train station in the country, is incredibly underdeveloped, outside of 1 Penn. It's frankly shocking it's taken this long for a building of this size be planned for the area. Over the next decade or so as Mohynihan Station rumbles along this area will see a considerable amount of development.
Zap: just because the hotel is being redone doesn't mean the tower wont be built. Show us where in the article it says the tower is cancelled. I openly admit this will not be built for several years, or we won't see any significant move towards construction for the better part of a decade, but this isn't cancelled...
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If they spend millions of dollars renovating the hotel, the hotel will stand for many, many, many years, not just "several years". It's funny too how a couple of NYers here are insistent that every proposal in NY will be built like there's never been anything proposed in NY that wasn't built. There's been many proposals in NY that were never built, just like any other city.
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